Tag: new-oriental

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Business China

Another New Oriental?

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A few months ago I saw a statement from New Oriental about the “Oriental Standard”. I thought Oriental Standard was some “New Oriental” knockoffs, which also provide English education in China. I was wrong. After a little research, now I believe Mr. Yu Minghong owned the ancester of Oriental Standard (it’s called New Oriental Professional Education Center) before 2006. It’s an IT training and service subsidiary of New Oriental group. In order to prepare the New Oriental IPO in NYSE, that subsidiary was spun off. The Oriental Standard focused more on IT professional service and outsourcing, in addtion to IT training.

Separately, I read Chinese news and it says Oriental Standard raised fund from Doll Capital, the company took 51job to Nasdaq a few years ago. To make things more interesting, it seems Oriental Standard still uses the New Oriental domain name. Oh, well, just like Lenovo still uses the “thinkpad” after they bought the PC/laptop from IBM 🙂

Categories
China Stocks

Bought Some EDU New Oriental

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I don’t know why the stock went down this morning after a good earning report. Anyway guessing stock price’s daily fluctuation is not my job. I did listen to the conference call (script by seekingalpha) and it seems to me Michael and Louis did well, although Michael’s English is not perfect. Some of the growth driver:

1) Elite English, I believe this is more like “business English”, I know in Shanghai there are “WallStreet English”, “Webber English”, etc. Don’t know how New Oriental will do in this new space. But profit margin in this area is better because those customers are not price sensitive.

2) Oversea English Test preparation: I believe things have not slow down because nowadays more and more Chinese high school graduates go overseas for undergraduate education.

They also talked a bit on goverment regulation on “private education sector” and coming lock up expired period.

Categories
China Stocks

Michael Yu Minghong’s New Report Card

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All right, New Oriental announced the fiscal 2007 Q2 report today. Here is the report. It seems they are doing well. Some highlights include 33% YoY reveneue growth (beat est. 20%). “The growth was mainly driven by the increase in the number of student enrollments in language training and test preparation courses.” 

I imagine people just can not get enough English classes (spoken English, business English, kids English), and all kind of testings (IT, law, graduate school admission, in addition to traditional TOEFL/GRE/ACT/SAT).   

Categories
China Stocks

New Oriental EDU to Report FY 2007 Q2 Earning

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on 8 am ET Jan 16. Here is link to web conference. And the dial in instruction can be seen here.  

I don’t have any EDU shares.